Sensex swings 1500 points, closes 280 points lower
Friday, September 21, 2018, 5:19 PM
The Sensex on Friday fell nearly 1,500 points in intraday trade to 35,993.64 from the day's high of 37,489.24. Nifty also fell below the 11,000-mark to a low of 10,866.45 from day's high of 11,346.80. The indices were dragged down by finance stocks after Dewan Housing Finance Limited (DHFL) slumped over 50% on reports of defaulting on its commercial paper.
DHFL mulls raising Rs.12,000 crore via bonds
Wednesday, June 27, 2018, 10:19 PM
Housing financier DHFL will raise up to Rs.12,000 crore by issuing bonds on a private placement basis. DHFL said issuance of securities will be held on a private placement basis from time-to-time, depending upon the prevailing market conditions and business requirements for the ensuing quarter or till the next board meeting. The BODs the company approved this fund raise at the meeting held today.